Advanced Photonix, Inc. Receives $5.9 Million Telecom 100G Commitment
ANN ARBOR, Mich.--(BUSINESS WIRE)-- Picometrix®, LLC, an Advanced Photonix (API) ® company (NYSE MKT: API), announced today that it has secured a $5.9 million commitment for calendar year 2013 for its industry leading 100 gigabit per second (Gb/s or G) and 40G high-speed optical receivers from a leading telecommunications network equipment customer. The annual commitment is estimated at more than $5.2 million for the Companys industry leading 100G family of coherent receivers for DP-QPSK modulation and $760K for the companys 40G receivers for DPSK modulation, both of which are used in long-haul dense wavelength division multiplexing (DWDM) systems. Shipments are expected to begin in the Companys 4th quarter of FY2013.
The state of the art CR-100A 100G optical receiver utilizes the companys patented photodiode arrays, an optical photonic integrated circuit (PIC), and high-speed linear amplifiers to deliver industry leading performance. The product comes in the industry standard CCRx" Multisource Agreement (MSA) form factor, is consistent with OIF, and supports data rates up to 128 Gb/s. The CR-100A exemplifies the companys continued technology leadership in high-speed optical receivers (HSOR) for telecom applications. Picometrix offers the industrys most complete line of 100G and 40G HSOR solutions for both client-side and line-side equipment.
We are pleased to have received a substantial increase in commitment for 2013 from our lead customer, further solidifying our industry leading position in 100G coherent receivers. This further validates our success in developing optical receivers that support our network equipment customers deployment of next generation optical networks to global telecom service providers," said Robin Risser, COO of API. "This agreement demonstrates that 100G coherent network deployment is in the early growth stage as service providers continue to selectively spend on capacity expansion, despite a weak macro-economic environment, to accommodate traffic growth driven by video, mobile video, the proliferation of network-attached devices, and social networking applications that are enabling consumers to access bandwidth-intensive content anytime and anywhere over fixed and wireless networks. We believe that 100G networks are in the very early stage of deployment and we are committed to developing and supplying state of the art and products to support this fast growing market.
About Advanced Photonix, Inc.
Advanced Photonix, Inc. ® (NYSE MKT: API) is a leading supplier with a broad offering of optoelectronic products to a global customer base. We provide optoelectronic solutions, high-speed optical receivers and terahertz instrumentation for telecom, homeland security, military, medical and industrial markets. With our patented technology and state-of-the-art manufacturing we offer industry leading performance, exceptional quality, and high value-added products to our OEM customer base. For more information visit us on the web at www.advancedphotonix.com.
The information contained herein includes forward looking statements that are based on assumptions that management believes to be reasonable but are subject to inherent uncertainties and risks including, but not limited to, unforeseen technological obstacles which may prevent or slow the development and/or manufacture of new products; potential problems with the integration of the acquired company and its technology and possible inability to achieve expected synergies; obstacles to successfully combining product offerings and lack of customer acceptance of such offerings; limited (or slower than anticipated) customer acceptance of new products which have been and are being developed by the Company; and a decline in the general demand for optoelectronic products; and the risk factors listed from time to time in the Companys Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and any subsequent SEC filings. The Company assumes no obligation to update forward-looking statements contained in this release to reflect new information or future events or developments. API-G
Torrey Hills Capital
Nitsan Hargil, CFA
Source: Advanced Photonix, Inc.Copyright Business Wire 2012